tekservePOS News
December 12, 2011
comScore recently reported holiday season retail e-commerce spending for the first 39 days of the November – December 2011 holiday season.
For the holiday season-to-date, $24.6 billion has been spent online, marking a 15% increase versus the corresponding days last year. The most recent week (week ending Dec. 9) reached $5.9 billion in spending, an increase of 15 percent versus the corresponding week last year, with 3 days surpassing $1 billion. For the holiday season-to-date, six individual days have surpassed the billion-dollar threshold, led by Cyber Monday at $1.25 billion.
“The most recent week of the online holiday shopping season saw growth rates remain in line with the season-to-date at 15 percent and three individual spending days eclipse the $1 billion threshold,” said comScore chairman Gian Fulgoni. “These highlights represent another very positive sign for the holiday shopping season, as the week following ‘Cyber Week’ often experiences relative softness in spending momentum due to retailers pulling back on their promotional activity. As we enter what will be the heaviest week of the season for online retailers – beginning with ‘Green Monday’ on December 12 – all signs are now pointing to a strong finish to the season.”
December 07, 2011
X.commerce, eBay’s open commerce ecosystem, announced today that PayPal Access, is now freely available to Magento Go merchants. PayPal Access, which was announced in October at X.commerce Innovate 2011, continues to gain traction with merchants of all sizes by making it safer and easier for customers to shop across the Web without having to remember multiple passwords or fill out multi-page forms.
As most small-to-medium sized merchants don’t have significant budget to dedicate to software and infrastructure development, they often struggle with shopping cart abandonment during the online registration and checkout process.
December 05, 2011
New shopping apps, mobile technologies and social media rewards are moving buying decisions back into the stores, according to the shopper strategists and retail futurists at WSL/Strategic Retail. The finding was revealed today as part of the Company’s Buzz to Buy 2.0 trend report, its second annual survey measuring how the power of Social Media and online information are impacting buying decisions.
Here are some significant findings from the report:
- Smartphones get shoppers off the couch. Approximately half of all smartphone owners use their device while shopping in-store. This finding is up 21 percentage points from last year’s survey, and has become a significant game changer in the way retailers do business. More than half of those who use mobile for shopping are comparing prices (56%), taking pictures of products (53%), and finding coupons and discounts (46%).
November 30, 2011
As consumers embraced mobile commerce in record numbers this Thanksgiving weekend, a report from Tealeaf® reveals that customer experience is a leading determinant of whether retailers make the naughty or nice list for their mobile shopping services this holiday season.
The Mobile Shopping Experience Report shows that tweets about shopping with the top 35 mobile retailers from Internet Retailer Mobile Commerce Top 300, 2012 Edition spiked to 217% of average on Black Friday. While mobile shopping brought holiday cheer to some consumers, many got snowed under when trying to buy on the go. Even for the most successful mobile retailers, 41% of all online conversations indicated frustration with the mobile shopping experience at the outset of the holiday shopping season.
November 28, 2011
Javelin Strategy & Research’s latest Online Retail Payments Forecast report identifies a significant shift in the balance between credit and debit use for online purchases. With changing market conditions and new regulations causing credit cards to regain transaction share, credit cards are increasing their share of the consumer’s wallet for online purchases. The study shows a robust 16% increase in the U.S. online market as retail e-commerce sales continue to rise to $309 billion in 2011 and are further forecast to climb to an estimated $444 billion by 2016.
